Entrepreneur and Choose Yourself Financial Founder James Altucher has a bold prediction for Bitcoin. Altucher predicts Bitcoin could reach between $100,000 to $300,000 by the end of 2018. He explains the argument for his bullish stance on this cryptocurrency, and addresses promises he is making to his subscribers.
Altucher defended his business strategy to lure subscribers with flashy commercials. Altucher says that his investment return guarantee newsletter is a strategy to educate the masses on Bitcoin.
"I'm a big believer that people need to be educated on what Bitcoin and cryptocurrencies are, and the effect they are going to have on society," said Altucher.
Shutterstock said Tuesday it’s buying Giphy from Meta Platforms for $53 million, the final step to unwind the deal blocked by British regulators, who prevented the Facebook owner from purchasing the GIF-sharing platform over competition concerns.
Century 21 was a long-time staple for bargain shopping in Manhattan when it went belly up in 2020 at the height of the COVID-19 pandemic. Now, as of last week, the store has reopened and some locals see it as a sign of an economic recovery in New York City.
Paramount Global is set to absorb Showtime into Paramount+, creating a single streaming option to compete with the likes of Netflix and Warner Bros. Discovery’s Max. The company also plans to raise the monthly price from $9.99 to $11.99 per month after the integration.
Debt ceiling talks are underway in Washington, DC ahead of a default deadline. Michael Rosen, chief investment officer with Angeles Investments, joined Cheddar News to explain how a potential default could affect investment portfolios, among other items, for Americans.
Australia's government announced regulations for buy now, pay later services, which will be labeled as consumer credit products, which puts them under the country's Securities and Investments Commission's watch.
